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Here are the top 10 Richest People In Belize 2018 you should know. Belize is an eastern coastal nation in the central America. The standard of living has drastically improved giving rise to a more blissful economy in Belize. They may not have Billionaire but it is certainly growing its economy

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Statistical Institute of Belize (S.I.B.) reports a continued slowdown in economic activity for the second consecutive quarter. The agricultural sector registered a decline and the good news came from the tourism industry. The stats are part of a battery of economic statistics released at their quarterly press conference in Belize City this morning. Correspondent Aaron Humes has more.

published:01 Sep 2016

views:369

Subscribe to our channel http://bit.ly/AJSubscribe
Belize is known throughout Central America for its progressive environmental conservation programmes, but with few exports, the small nation's economy also depends heavily on tourism.
And the large volume of tourists many drawn to the world's second largest barrier reef that is home to a huge variety of marine life has some experts worried that potentially irreversible harm is being done to the country's treasured environment.
As Al Jazeera'sDavid Mercer explains, finding a balance between the environment and the economy can be a challenge.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.'
Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained.
Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on.
We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels.
Social Media links:
Facebook: https://www.facebook.com/aljazeera
Instagram: https://instagram.com/aljazeera/?ref=...
Twitter: https://twitter.com/ajenglish
Website: http://www.aljazeera.com/
google+: https://plus.google.com/+aljazeera/posts

published:21 Apr 2010

views:3381

Belize has a small, essentially private enterprise economy that is based primarily on agriculture, tourism, and services. The cultivation of newly discovered crude oil in the town of Spanish Lookout has presented new prospects and problems for this developing nation. Besides petroleum, Belize's other primary exports are citrus, sugar, and bananas. Belize's trade deficit has been growing, mostly as a result of low export prices for sugar and bananas.
All text, either derivative works from Wikipedia Articles or original content shared here, is licensed under:
Creative Commons Attribution-ShareAlike3.0 Unported License
A full list of the authors of the original content can be found in the following subdomain of wikipedia, here:
https://en.wikipedia.org/wiki/Economy_of_Belize (Economics: ModernState Economies)

published:29 Nov 2017

views:28

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Prime Minister spent a few minutes of his closing statement listing key investments either underway or coming soon that he says will prop up the Belizean economy. From a Four Seasons Hotel in Caye Caulker to agricultural projects in Cayo and Stann Creek District, the Prime Minister argues that there is no shortage of foreign direct investors’ confidence and willingness to partner with established Belizean entities.

Economy of Belize

Belize has a small, essentially private enterprise economy that is based primarily on agriculture, tourism, and services. The cultivation of newly discovered crude oil in the town of Spanish Lookout has presented new prospects and problems for this developing nation. Besides petroleum, Belize's other primary exports are citrus, sugar, and bananas. Belize's trade deficit has been growing, mostly as a result of low export prices for sugar and bananas.

The new government faces important challenges to economic stability. Rapid action to improve tax collection has been promised, but a lack of progress in reining in spending could bring the exchange rate under pressure. The Belize Dollar is fixed to the U.S. dollar at a rate of 2:1.

Domestic industry is limited, constrained by relatively high-cost labour and energy and a small domestic market. Tourism attracts the most foreign direct investment although significant foreign investment is also found in the energy, telecommunications, and agricultural sectors.

With an area of 22,966 kilometers squared (8,867 square miles) making it the world's 147th largest country by area and also Belize has a population of 368,310 which makes it the world's 173rd most populous country in the world

Cabinda Province

Cabinda (also spelled Kabinda, formerly Portuguese Congo, known locally as Tchiowa) is an exclave and province of Angola, a status that has been disputed by many political organizations in the territory. The capital city is also called Cabinda. The province is divided into four municipalities—Belize, Buco Zau, Cabinda and Landana.

Modern Cabinda is the result of a fusion of three kingdoms: N'Goyo, Loango and Kakongo. It has an area of 7,270km2 (2,810sqmi) and a population of 688,285 (2014 census). According to 1988 United States governmentstatistics, the total population of the province was 147,200, with a near even split between total rural and urban populations. At one point an estimated one third of Cabindans were refugees living in the Democratic Republic of the Congo; however, after the 2007 peace agreement, refugees started returning home.

References

Economy

An economy (Greek οίκος-household and νέμoμαι - manage) is an area of the production, distribution or trade, and consumption of goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments. Transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency.

Economic activity is spurred by production which uses natural resources, labor, and capital. It has changed over time due to technology (automation, accelerator of process, reduction of cost functions), innovation (new products, services, processes, new markets, expands markets, diversification of markets, niche markets, increases revenue functions) such as that which produces intellectual property and changes in industrial relations (child labor being replaced with universal access to education).

A given economy is the result of a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions.

Economy (album)

Economy is the second studio album by Christian singer and songwriter John Mark McMillan, and it released on November 1, 2011 by Integrity Music. The producers on the album were McMillan, Jeremy Griffith and Joel Khouri.

Critical reception

Economy garnered critical acclaim from nine music critics. At CCM Magazine, Matt Conner rated the album four stars, saying that McMillan "has found a Springsteen-like groove that resonates deeply with its honest questions and vulnerable organic approach", which "is beautiful from front to back." Philip Majorins of PopMatters rated the album six out of ten, writing that the songs are structured in a way that makes them "mostly compelling and certainly emotional" and the release "contains hopeful strains that do not go out of their way to gloss over the human condition." At Christianity Today, Robert Ham rated the album four stars, indicating that this "is a rare work" because it can be played anywhere, which the release features a "strong, turbulent collection that rambles with the same mid '70s rock-influenced drive of artists like Wilco and Bright Eyes."

Economy (basketball)

Economy is a basketball statistical formula that was created in order to determine the ball possession efficiency of ball handlers, mainly primary ball handlers and point guards. It is considered a basic stat of the Greek League.

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6:11

Top 10 Richest People In Belize For The Year 2018

Top 10 Richest People In Belize For The Year 2018

Top 10 Richest People In Belize For The Year 2018

Here are the top 10 Richest People In Belize 2018 you should know. Belize is an eastern coastal nation in the central America. The standard of living has drastically improved giving rise to a more blissful economy in Belize. They may not have Billionaire but it is certainly growing its economy

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Statistical Institute of Belize (S.I.B.) reports a continued slowdown in economic activity for the second consecutive quarter. The agricultural sector registered a decline and the good news came from the tourism industry. The stats are part of a battery of economic statistics released at their quarterly press conference in Belize City this morning. Correspondent Aaron Humes has more.

2:55

Belize's challenge to balance environment and economy

Belize's challenge to balance environment and economy

Belize's challenge to balance environment and economy

Subscribe to our channel http://bit.ly/AJSubscribe
Belize is known throughout Central America for its progressive environmental conservation programmes, but with few exports, the small nation's economy also depends heavily on tourism.
And the large volume of tourists many drawn to the world's second largest barrier reef that is home to a huge variety of marine life has some experts worried that potentially irreversible harm is being done to the country's treasured environment.
As Al Jazeera'sDavid Mercer explains, finding a balance between the environment and the economy can be a challenge.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.'
Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained.
Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on.
We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels.
Social Media links:
Facebook: https://www.facebook.com/aljazeera
Instagram: https://instagram.com/aljazeera/?ref=...
Twitter: https://twitter.com/ajenglish
Website: http://www.aljazeera.com/
google+: https://plus.google.com/+aljazeera/posts

13:08

Economy Of Belize

Economy Of Belize

Economy Of Belize

Belize has a small, essentially private enterprise economy that is based primarily on agriculture, tourism, and services. The cultivation of newly discovered crude oil in the town of Spanish Lookout has presented new prospects and problems for this developing nation. Besides petroleum, Belize's other primary exports are citrus, sugar, and bananas. Belize's trade deficit has been growing, mostly as a result of low export prices for sugar and bananas.
All text, either derivative works from Wikipedia Articles or original content shared here, is licensed under:
Creative Commons Attribution-ShareAlike3.0 Unported License
A full list of the authors of the original content can be found in the following subdomain of wikipedia, here:
https://en.wikipedia.org/wiki/Economy_of_Belize (Economics: ModernState Economies)

2:37

New Investments to Prop Up Belize Economy

New Investments to Prop Up Belize Economy

New Investments to Prop Up Belize Economy

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Prime Minister spent a few minutes of his closing statement listing key investments either underway or coming soon that he says will prop up the Belizean economy. From a Four Seasons Hotel in Caye Caulker to agricultural projects in Cayo and Stann Creek District, the Prime Minister argues that there is no shortage of foreign direct investors’ confidence and willingness to partner with established Belizean entities.

Overnight and Cruise Tourism are Responsible for Economic Turnaround

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The travel and leisure industry continues to be the primary source of profit for the country, as well as the number one contributor to its Gross Domestic Product. Prime MinisterBarrow is touting the turnaround in performance of the economy, attributing it to the expansion of tourism. The PM shares the most recent outlook on the state of the industry heading into the 2018 high season.

3:05

Creating Economic Opportunities in Northern Belize

Creating Economic Opportunities in Northern Belize

Creating Economic Opportunities in Northern Belize

Last year, the BelizeRed Cross and the American Red Cross provided initial support to 38 beneficiaries, in order to help them diversify their income sources. We went back to the communities 8 months later to interview program participants. Here is what a few of them told us...

Top 10 Richest People In Belize For The Year 2018

Here are the top 10 Richest People In Belize 2018 you should know. Belize is an eastern coastal nation in the central America. The standard of living has drastically improved giving rise to a more blissful economy in Belize. They may not have Billionaire but it is certainly growing its economy

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Statistical Institute of Belize (S.I.B.) reports a continued slowdown in economic activity for the second consecutive quarter. The agricultural sector registered a decline and the good news came from the tourism industry. The stats are part of a battery of economic statistics released at their quarterly press conference in Belize City this morning. Correspondent Aaron Humes has more.

published: 01 Sep 2016

Belize's challenge to balance environment and economy

Subscribe to our channel http://bit.ly/AJSubscribe
Belize is known throughout Central America for its progressive environmental conservation programmes, but with few exports, the small nation's economy also depends heavily on tourism.
And the large volume of tourists many drawn to the world's second largest barrier reef that is home to a huge variety of marine life has some experts worried that potentially irreversible harm is being done to the country's treasured environment.
As Al Jazeera'sDavid Mercer explains, finding a balance between the environment and the economy can be a challenge.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'v...

published: 21 Apr 2010

Economy Of Belize

Belize has a small, essentially private enterprise economy that is based primarily on agriculture, tourism, and services. The cultivation of newly discovered crude oil in the town of Spanish Lookout has presented new prospects and problems for this developing nation. Besides petroleum, Belize's other primary exports are citrus, sugar, and bananas. Belize's trade deficit has been growing, mostly as a result of low export prices for sugar and bananas.
All text, either derivative works from Wikipedia Articles or original content shared here, is licensed under:
Creative Commons Attribution-ShareAlike3.0 Unported License
A full list of the authors of the original content can be found in the following subdomain of wikipedia, here:
https://en.wikipedia.org/wiki/Economy_of_Belize (Economics: M...

published: 29 Nov 2017

New Investments to Prop Up Belize Economy

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Prime Minister spent a few minutes of his closing statement listing key investments either underway or coming soon that he says will prop up the Belizean economy. From a Four Seasons Hotel in Caye Caulker to agricultural projects in Cayo and Stann Creek District, the Prime Minister argues that there is no shortage of foreign direct investors’ confidence and willingness to partner with established Belizean entities.

The Economy of Belize 101 - Part 1

Overnight and Cruise Tourism are Responsible for Economic Turnaround

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The travel and leisure industry continues to be the primary source of profit for the country, as well as the number one contributor to its Gross Domestic Product. Prime MinisterBarrow is touting the turnaround in performance of the economy, attributing it to the expansion of tourism. The PM shares the most recent outlook on the state of the industry heading into the 2018 high season.

published: 31 Oct 2018

Creating Economic Opportunities in Northern Belize

Last year, the BelizeRed Cross and the American Red Cross provided initial support to 38 beneficiaries, in order to help them diversify their income sources. We went back to the communities 8 months later to interview program participants. Here is what a few of them told us...

Top 10 Richest People In Belize For The Year 2018

Here are the top 10 Richest People In Belize 2018 you should know. Belize is an eastern coastal nation in the central America. The standard of living has drast...

Here are the top 10 Richest People In Belize 2018 you should know. Belize is an eastern coastal nation in the central America. The standard of living has drastically improved giving rise to a more blissful economy in Belize. They may not have Billionaire but it is certainly growing its economy

Here are the top 10 Richest People In Belize 2018 you should know. Belize is an eastern coastal nation in the central America. The standard of living has drastically improved giving rise to a more blissful economy in Belize. They may not have Billionaire but it is certainly growing its economy

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Statistical Institute of Belize (S.I.B.) reports a continued slowdown in econo...

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Statistical Institute of Belize (S.I.B.) reports a continued slowdown in economic activity for the second consecutive quarter. The agricultural sector registered a decline and the good news came from the tourism industry. The stats are part of a battery of economic statistics released at their quarterly press conference in Belize City this morning. Correspondent Aaron Humes has more.

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Statistical Institute of Belize (S.I.B.) reports a continued slowdown in economic activity for the second consecutive quarter. The agricultural sector registered a decline and the good news came from the tourism industry. The stats are part of a battery of economic statistics released at their quarterly press conference in Belize City this morning. Correspondent Aaron Humes has more.

Belize's challenge to balance environment and economy

Subscribe to our channel http://bit.ly/AJSubscribe
Belize is known throughout Central America for its progressive environmental conservation programmes, but wi...

Subscribe to our channel http://bit.ly/AJSubscribe
Belize is known throughout Central America for its progressive environmental conservation programmes, but with few exports, the small nation's economy also depends heavily on tourism.
And the large volume of tourists many drawn to the world's second largest barrier reef that is home to a huge variety of marine life has some experts worried that potentially irreversible harm is being done to the country's treasured environment.
As Al Jazeera'sDavid Mercer explains, finding a balance between the environment and the economy can be a challenge.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.'
Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained.
Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on.
We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels.
Social Media links:
Facebook: https://www.facebook.com/aljazeera
Instagram: https://instagram.com/aljazeera/?ref=...
Twitter: https://twitter.com/ajenglish
Website: http://www.aljazeera.com/
google+: https://plus.google.com/+aljazeera/posts

Subscribe to our channel http://bit.ly/AJSubscribe
Belize is known throughout Central America for its progressive environmental conservation programmes, but with few exports, the small nation's economy also depends heavily on tourism.
And the large volume of tourists many drawn to the world's second largest barrier reef that is home to a huge variety of marine life has some experts worried that potentially irreversible harm is being done to the country's treasured environment.
As Al Jazeera'sDavid Mercer explains, finding a balance between the environment and the economy can be a challenge.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.'
Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained.
Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on.
We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels.
Social Media links:
Facebook: https://www.facebook.com/aljazeera
Instagram: https://instagram.com/aljazeera/?ref=...
Twitter: https://twitter.com/ajenglish
Website: http://www.aljazeera.com/
google+: https://plus.google.com/+aljazeera/posts

Economy Of Belize

Belize has a small, essentially private enterprise economy that is based primarily on agriculture, tourism, and services. The cultivation of newly discovered cr...

Belize has a small, essentially private enterprise economy that is based primarily on agriculture, tourism, and services. The cultivation of newly discovered crude oil in the town of Spanish Lookout has presented new prospects and problems for this developing nation. Besides petroleum, Belize's other primary exports are citrus, sugar, and bananas. Belize's trade deficit has been growing, mostly as a result of low export prices for sugar and bananas.
All text, either derivative works from Wikipedia Articles or original content shared here, is licensed under:
Creative Commons Attribution-ShareAlike3.0 Unported License
A full list of the authors of the original content can be found in the following subdomain of wikipedia, here:
https://en.wikipedia.org/wiki/Economy_of_Belize (Economics: ModernState Economies)

Belize has a small, essentially private enterprise economy that is based primarily on agriculture, tourism, and services. The cultivation of newly discovered crude oil in the town of Spanish Lookout has presented new prospects and problems for this developing nation. Besides petroleum, Belize's other primary exports are citrus, sugar, and bananas. Belize's trade deficit has been growing, mostly as a result of low export prices for sugar and bananas.
All text, either derivative works from Wikipedia Articles or original content shared here, is licensed under:
Creative Commons Attribution-ShareAlike3.0 Unported License
A full list of the authors of the original content can be found in the following subdomain of wikipedia, here:
https://en.wikipedia.org/wiki/Economy_of_Belize (Economics: ModernState Economies)

New Investments to Prop Up Belize Economy

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Prime Minister spent a few minutes of his closing statement listing key invest...

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Prime Minister spent a few minutes of his closing statement listing key investments either underway or coming soon that he says will prop up the Belizean economy. From a Four Seasons Hotel in Caye Caulker to agricultural projects in Cayo and Stann Creek District, the Prime Minister argues that there is no shortage of foreign direct investors’ confidence and willingness to partner with established Belizean entities.

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Prime Minister spent a few minutes of his closing statement listing key investments either underway or coming soon that he says will prop up the Belizean economy. From a Four Seasons Hotel in Caye Caulker to agricultural projects in Cayo and Stann Creek District, the Prime Minister argues that there is no shortage of foreign direct investors’ confidence and willingness to partner with established Belizean entities.

Overnight and Cruise Tourism are Responsible for Economic Turnaround

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The travel and leisure industry continues to be the primary source of profit for t...

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The travel and leisure industry continues to be the primary source of profit for the country, as well as the number one contributor to its Gross Domestic Product. Prime MinisterBarrow is touting the turnaround in performance of the economy, attributing it to the expansion of tourism. The PM shares the most recent outlook on the state of the industry heading into the 2018 high season.

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The travel and leisure industry continues to be the primary source of profit for the country, as well as the number one contributor to its Gross Domestic Product. Prime MinisterBarrow is touting the turnaround in performance of the economy, attributing it to the expansion of tourism. The PM shares the most recent outlook on the state of the industry heading into the 2018 high season.

Last year, the BelizeRed Cross and the American Red Cross provided initial support to 38 beneficiaries, in order to help them diversify their income sources. We went back to the communities 8 months later to interview program participants. Here is what a few of them told us...

Last year, the BelizeRed Cross and the American Red Cross provided initial support to 38 beneficiaries, in order to help them diversify their income sources. We went back to the communities 8 months later to interview program participants. Here is what a few of them told us...

Top 10 Richest People In Belize For The Year 2018

Here are the top 10 Richest People In Belize 2018 you should know. Belize is an eastern coastal nation in the central America. The standard of living has drastically improved giving rise to a more blissful economy in Belize. They may not have Billionaire but it is certainly growing its economy

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Statistical Institute of Belize (S.I.B.) reports a continued slowdown in economic activity for the second consecutive quarter. The agricultural sector registered a decline and the good news came from the tourism industry. The stats are part of a battery of economic statistics released at their quarterly press conference in Belize City this morning. Correspondent Aaron Humes has more.

Belize's challenge to balance environment and economy

Subscribe to our channel http://bit.ly/AJSubscribe
Belize is known throughout Central America for its progressive environmental conservation programmes, but with few exports, the small nation's economy also depends heavily on tourism.
And the large volume of tourists many drawn to the world's second largest barrier reef that is home to a huge variety of marine life has some experts worried that potentially irreversible harm is being done to the country's treasured environment.
As Al Jazeera'sDavid Mercer explains, finding a balance between the environment and the economy can be a challenge.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.'
Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained.
Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on.
We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels.
Social Media links:
Facebook: https://www.facebook.com/aljazeera
Instagram: https://instagram.com/aljazeera/?ref=...
Twitter: https://twitter.com/ajenglish
Website: http://www.aljazeera.com/
google+: https://plus.google.com/+aljazeera/posts

Economy Of Belize

Belize has a small, essentially private enterprise economy that is based primarily on agriculture, tourism, and services. The cultivation of newly discovered crude oil in the town of Spanish Lookout has presented new prospects and problems for this developing nation. Besides petroleum, Belize's other primary exports are citrus, sugar, and bananas. Belize's trade deficit has been growing, mostly as a result of low export prices for sugar and bananas.
All text, either derivative works from Wikipedia Articles or original content shared here, is licensed under:
Creative Commons Attribution-ShareAlike3.0 Unported License
A full list of the authors of the original content can be found in the following subdomain of wikipedia, here:
https://en.wikipedia.org/wiki/Economy_of_Belize (Economics: ModernState Economies)

New Investments to Prop Up Belize Economy

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The Prime Minister spent a few minutes of his closing statement listing key investments either underway or coming soon that he says will prop up the Belizean economy. From a Four Seasons Hotel in Caye Caulker to agricultural projects in Cayo and Stann Creek District, the Prime Minister argues that there is no shortage of foreign direct investors’ confidence and willingness to partner with established Belizean entities.

Overnight and Cruise Tourism are Responsible for Economic Turnaround

For the latest news across Belize, visit:
http://edition.channel5belize.com/
The travel and leisure industry continues to be the primary source of profit for the country, as well as the number one contributor to its Gross Domestic Product. Prime MinisterBarrow is touting the turnaround in performance of the economy, attributing it to the expansion of tourism. The PM shares the most recent outlook on the state of the industry heading into the 2018 high season.

Creating Economic Opportunities in Northern Belize

Last year, the BelizeRed Cross and the American Red Cross provided initial support to 38 beneficiaries, in order to help them diversify their income sources. We went back to the communities 8 months later to interview program participants. Here is what a few of them told us...

Economy of Belize

Belize has a small, essentially private enterprise economy that is based primarily on agriculture, tourism, and services. The cultivation of newly discovered crude oil in the town of Spanish Lookout has presented new prospects and problems for this developing nation. Besides petroleum, Belize's other primary exports are citrus, sugar, and bananas. Belize's trade deficit has been growing, mostly as a result of low export prices for sugar and bananas.

The new government faces important challenges to economic stability. Rapid action to improve tax collection has been promised, but a lack of progress in reining in spending could bring the exchange rate under pressure. The Belize Dollar is fixed to the U.S. dollar at a rate of 2:1.

Domestic industry is limited, constrained by relatively high-cost labour and energy and a small domestic market. Tourism attracts the most foreign direct investment although significant foreign investment is also found in the energy, telecommunications, and agricultural sectors.